StockNews.com Begins Coverage on GEE Group (NYSE:JOB)

by · The Cerbat Gem

StockNews.com started coverage on shares of GEE Group (NYSE:JOB – Free Report) in a research note published on Friday. The firm issued a buy rating on the stock.

GEE Group Stock Performance

Shares of JOB opened at $0.26 on Friday. The stock has a market capitalization of $28.32 million, a price-to-earnings ratio of 5.13 and a beta of 0.48. GEE Group has a one year low of $0.23 and a one year high of $0.61. The stock has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.31.

GEE Group (NYSE:JOB – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.04) earnings per share (EPS) for the quarter. GEE Group had a negative return on equity of 3.89% and a negative net margin of 17.66%. The company had revenue of $29.46 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Alpha Cubed Investments LLC increased its stake in GEE Group by 9.7% during the second quarter. Alpha Cubed Investments LLC now owns 487,880 shares of the company’s stock worth $150,000 after purchasing an additional 43,053 shares during the period. Raffles Associates LP lifted its stake in GEE Group by 1.6% in the second quarter. Raffles Associates LP now owns 9,499,638 shares of the company’s stock worth $2,913,000 after acquiring an additional 150,873 shares during the last quarter. Renaissance Technologies LLC raised its stake in GEE Group by 17.8% in the second quarter. Renaissance Technologies LLC now owns 1,163,672 shares of the company’s stock valued at $357,000 after buying an additional 176,043 shares in the last quarter. Finally, Cable Car Capital LLC purchased a new stake in GEE Group during the fourth quarter worth approximately $2,843,000. Hedge funds and other institutional investors own 30.38% of the company’s stock.

GEE Group Company Profile

(Get Free Report)

GEE Group Inc provides permanent and temporary professional and industrial staffing and placement services in the United States. The company operates through two segments, Industrial Staffing Services and Professional Staffing Services. It offers placement of information technology, accounting, finance, office, engineering, engineering professionals for direct hire and contract staffing services, and data entry assistants; and temporary staffing services for industrial clients.

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